Julius Baer, the Swiss banking group, achieved asset management business gains totalling SFr5.3bn (€3.4bn) in the year to last December, taking its total to SFr116bn.

After market movements, the amount managed by Baer rose by 12%. The rise follows the decision by Baer to concentrate its attention on asset management, and private banking.

Mike Foster

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US law firm hires private equity specialist from key client

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Pedro Guazo, who joins in August, will also oversee the $1.3tn asset manager’s responsible investment platform globally

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Baer gains assets worth €3.4bn

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